Steel Framing in the US
Structural steel erection is a vital process in the construction of many building and infrastructure projects. Industry services are incorporated into building structures, exteriors, metal storage tanks and reinforcing concrete. Over the past five years, demand for industry services has largely stabilized and returned to growth with the aid of improving nonresidential and residential downstream construction markets. Over the five years to 2023, sustained growth in the industry's downstream markets and renewed investment in infrastructure (e.g. bridges, tunnels and highways) will support the industry's expansion.
This industry comprises contractors that install steel and precast concrete to produce structural elements, building exteriors and elevator fronts. The industry also includes the installation of other steel products (e.g. setting rods, bars, rebar, mesh and cages) to reinforce poured-in-place concrete, cooling towers and metal storage tanks. The structural steel erection work performed includes new work, additions, alterations, reconstruction, maintenance and repairs.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.